English, Article, Journal or magazine article edition: A Static Model for Voting on Social Security Henning Bohn

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Bookmark: http://trove.nla.gov.au/version/147708
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A Static Model for Voting on Social Security
Author
  • Henning Bohn
Physical Description
  • preprint
Notes
  • This paper examines a static voting model for public pensions. The key premise is that families can internalize the cost and benefits of pay-as-you-go programs. A family realizes a net gain if its members collectively receive more in benefits in the current period than they pay in payroll taxes. Abstracting from differences in income, net benefits are positive if the family’s retiree-worker ratio exceeds the national average. If a sufficient fraction of retirees have a suitable number of working-age relatives—not too few and not too many—then a majority of voters belongs to families with above average retiree-worker ratios.
  • social security, public pensions, voting model
  • RePEc:ces:ceswps:_2649
Language
  • English
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